Updated Dec 20, 2023
Chunsong Lin Acquires Multifamily Property In Flushing, Queens For $998,000
54-30 153rd Street, Queens, New York 11355, United States
$998,000
$698/SF
Building Size
1,429 SF
Asset Type
MultiFamily
Closing
Feb 22, 2022
About this deal
AI
A multifamily property located at 54-30 153rd St. in Flushing, Queens has been sold for $998,000. The property spans 1,429 square feet, resulting in a price per square foot of $698. The transaction took place on February 23, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $998,000
- Address: 54-30 153rd St., Flushing, Queens
- Market: Flushing, Queens
The buyer of the property is Chunsong Lin, while the seller is Ramond Chiu. The deal was facilitated by Frank Ko from E Realty International Corp.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.89%
Cash-on-Cash
-4.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93